--- To enhance the value and performance of procurement and SCM practitioners and their organizations worldwide ---

 
Wednesday, October 3, 2007
   


Ariba

QP Group America

Staffing Industry Analysts

Selectica

Karrass

Primacy

Eye for Procurement

In This Issue ...
  • September Non-Manufacturing ISM Report On Business®: Business Activity at 54.8%.  Read more.
  • Latest JPMorgan Global PMI: Global Report on Manufacturing.  Read more.
  • ISM Volunteer Positions Available.  Read more.
  • How Do I Reaccredit My A.P.P.?  Read more.
  • Term of the Day.  Read more.
  • Contact Us.  Read more.


September Non-Manufacturing ISM Report On Business®: Business Activity at 54.8%

Business activity in the non-manufacturing sector increased at a slower rate in September than in August, say the nation's purchasing and supply executives in the latest Non-Manufacturing ISM Report On Business®.

The report was issued today by Anthony Nieves, C.P.M., CFPM, chair of the Institute for Supply Management™ Non-Manufacturing Business Survey Committee; and senior vice president — supply management for Hilton Hotels Corporation. "Non-manufacturing business activity increased for the 54th consecutive month in September," Nieves said. He added, "The Business Activity Index decreased one percentage point to 54.8 percent for the month of September. New orders increased at a slower rate with the index registering 53.4 percent. The Employment Index increased to 52.7 percent in September. The Prices Index increased to 66.1 percent in September. Eight non-manufacturing industries reported increased activity in September. Members' comments in September remain mixed about business conditions. The overall indication in September is continued economic growth in the non-manufacturing sector but at a slower pace than in August."

To read the entire release click here.

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Latest JPMorgan Global PMI: Global Report on Manufacturing

Expansion of Global Manufacturing Output Hit Eight-Month Low in September, as Growth of New Orders Lost Noticeable Traction.

At 52.3 in September, down further from June's high of 54.4, the JPMorgan Global Manufacturing PMI* posted its lowest reading for twenty-five months. The decline in the level of the headline PMI mainly reflected slower rates of expansion for output and new orders.

* Please note that, due to a later release date, September PMI data for the Chinese and Australian manufacturing sectors are not included in this month's release of the JPMorgan PMI Report on Global Manufacturing.

The rate of increase in global manufacturing production during September was the slowest since January. The Global Manufacturing Output Index registered 53.9, a level above the 50.0 no-change mark for the fifty-third successive month.

For the complete JPMorgan release click here.

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ISM Volunteer Positions Available

This notification outlines the ISM volunteer positions available in 2008.

ISM encourages all members to express their interest in ISM volunteer opportunities. In principle and practice, ISM values and seeks a diverse membership. Individual viewpoints and contributions are pursued and respected. There are no barriers to full participation in ISM, regardless of members' ethnic background, gender, creed, age, sexual orientation, national origin or disability.

Positions available for consideration:

  • Certification Committee
  • Conference Leadership Committee (CLC)
  • Diversity Committee
  • Educational Resources Committee
  • Ethical Standards Committee
  • Affiliate, Group and Forum Relations Committee
  • Leadership Training Workshop Planning Committees
  • Plus, Periodic Project Based Volunteer Activities

Individuals interested in these volunteer positions may indicate their qualifications and personal commitment to serve ISM in the desired position on the Volunteer Position Interest Form. Submit the Volunteer Position Interest Form by December 1, 2007.

To access the Volunteer Positions Available links, visit the ISM Home Page — click here.

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How Do I Reaccredit My A.P.P.?

Individuals seeking A.P.P. reaccreditation must accumulate at least 42 hours of continuing education since the issue date of their current certificate. At least 28 hours must be educational in nature. Up to 14 hours may be earned in the professional contributions category.

Continuing education can be earned in the following categories:

  1. College Courses (Taken or Taught)
  2. Continuing Education (Taken or Taught)
  3. Contributions to the Profession
  4. C.P.M. Exam (any module)

For more information about earning continuing education hours or to access the A.P.P. Reaccreditation and Lifetime Reaccreditation Application click here.

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Term of the Day

Today's ISM Term of the Day is: LIMITATION OF LIABILITY.

Definition: Contract provision that restricts either the remedies available or the amount of damages recoverable in the event of a breach of contract. Such provisions are typically initiated by sellers and may cap overall liability or certain categories of liability under the contract or may exclude liability for certain types of damages, e.g., consequential damages.

A different Term of the Day is posted on the ISM Home Page (www.ism.ws) each day — 7 days a week. The Term of the Day is currently taken from the ISM Glossary of Key Supply Management Terms.

ISM members can access the online Members Only Glossary which includes terms from the private, public, and various industry sectors, and from a wide variety of sources. The Glossary can be browsed alphabetically, or searched by keyword.

To access the online Glossary click here.

If you are not a member but would like membership information click here.

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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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